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Compare Affordable Texas Electric Plans

Learn more about the Texas Power Grid & choose your electric company

At Choose Energy, our reporters seek out information that puts you in control of your energy. Our partners do not direct our editorial content, though we may reference their products in our posts. Read about how we make money to learn more.

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Key insights

  • As of February 2024, the average electricity rate in Texas is 14.61 cents per kilowatt-hour (kWh).
  • The current lowest Texas electricity rate is 12.3 cents/kWh.
  • Choose Energy marketplace allows you to easily select the best energy plans and rates in your area.


Average Texas electric rates (February 2024)

The average Texas energy rate is 14.61 cents per kilowatt-hour (kWh) as of November 2023, according to the most recent data from the Energy Information Administration (EIA). This is about 2.66% lower than the average rate in November 2022 (15.01 cents per kWh) and about 10% lower than the national average of 16.19 cents per kWh.

The Energy Reliability Council of Texas (ERCOT) predicts that the grid will have sufficient capacity to meet demand in Texas in February. With lower temperatures, now is a great time to find a more affordable electricity plan using the Choose Energy marketplace. We can help you compare Texas electricity rates, plans, and providers in your area to find the best cheap energy company for your home or business.

Enter your ZIP code to get started today.

What is considered cheap electricity in Texas? 

Currently, the lowest Texas electricity rate on the Choose Energy marketplace is 12.3 cents per kWh for the 1,000 kWh standard monthly usage. At the time of writing, 4Change Energy, Gexa Energy, Frontier Utilities, and Express Energy offer the cheapest fixed-rate energy plans on the Choose Energy marketplace. 

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